The G7 launched a large-scale investment program for developing countries on Sunday at the initiative of the United States, which should respond to huge Chinese-funded projects, but with vague outlines. «Together with G7 partners, we aim to mobilize $ 600 billion by 2027 for global infrastructure investmentThe White House said that immediately before Mr. Biden’s speech, which presented the proposal at the summit of seven industrialized countries in southern Germany. «Global Infrastructure Partnership(Partnership for Global Infrastructure) should, according to the same source, “provide quality և sustainable infrastructure«.
G7 »is committed to making the world a better deal for infrastructure investmentThis was stated by German Chancellor Olaf Scholz, presenting the bill to the US President. The United States only promises “mobilize” few “$ 200 billionmore than five years for this program.
But this verb,mobilize“It does not mean that the states will provide those huge sums themselves. Thus, Washington reaches a total of $ 200 billion, combining loans, public funding, in part, already existing, և private funding, which is encouraged by the US executive.
Against Chinese influence
The West wants to stay away from China, which has invested heavily in a number of developing countries to build so-called infrastructure.New Silk Roadsor to provide access to certain raw materials. Beijing, however, is accused of implementing its programs through less profitable, even frankly dangerous loans, which will deepen the debt problems of already vulnerable countries.
Chinese attackhas been for many years, has led to many cash payments, investments“According to the statements of a high-ranking White House official.but it’s really not too lateAbout the G7 initiative. «Many countries that have received funding or investment from the BRI (Abbreviation for Roadside Initiative) program, years later now realize that they owe more, that their GDP has not grown significantly, so-called investment has not increased. have reached their population“- estimates the same source, who did not want to be identified.
«Sub-Saharan Africa will obviously be a top priority“About the partnership launched by the G7, said this high-ranking official of the American executive, but ensuring that Central America, South East Asia or Central Asia are also regions.”It is very important«.
Source: Le Figaro
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